Video & Transcript Research : 'damage caps'

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MN

Minnesota 2025 1st Special Session

Committee on Higher Education - 04/10/25

Higher Education

Transcript Highlights:
  • <00:10:50.079> at<00:10:50.680> 1,500 next year. uh but we kept a cap at 1,500 next
  • year. uh but we kept a cap at 1,500 in<00:10:52.000> our<00:10:52.240> bill.
  • in the event that there's a surplus cap in the event that there's a surplus which<00:11:00.720> I
  • the current cap at 1,500 which is great. the current cap at 1,500 which is great.
  • whatever that federal cap is. whatever that federal cap is.
Keywords: 1187, senate, all
NH

New Hampshire 2025 Regular Session

House Education Funding (03/04/2025)

Transcript Highlights:
  • Chair. which is um the cap on which is um the cap on spending<03:00:25.359> in<03:00:25.800>
  • <03:00:30.600> is districts um and the cap is districts um and the cap is um<03:00:33.279>
  • One of the reasons to have a cap, one of the measures for the cap, is the percentage change in the ADM
  • 66% requirement to override the cap 66% requirement to override the cap which<03:06:25.680> is
  • <03:07:49.080> a have the option to vote in in a cap a have the option to vote in in a cap
Keywords: 928, house, all
Summary: The executive session focused primarily on HB 563, which revises the school funding formula, especially the adequate education grant amounts for special education students and the treatment of fiscal capacity disparity aid. Representative Ladd moved OTPA on Amendment 06508, explaining that FY 26 would largely hold the current formula steady, while FY 27 would increase several per-pupil amounts, including base cost, free and reduced-price meals, English language learner aid, and special education differentiated aid. He said the special education change was based on estimated case loads across disability categories and that the amendment also reinstates fiscal capacity disparity aid, using a formula intended to better assist property-poor communities. Several members supported the amendment as a step in the right direction, saying it better recognizes special education costs and separates property wealth from low-income student counts. Others raised concerns about the lack of time and the absence of a printed spreadsheet showing how the fiscal capacity disparity aid would affect each town. In response, sponsors said the spreadsheet existed, that the LBA had copies, and that the amendment would help about 40 target towns, while Manchester would be the main community receiving less under the new formula because of prior shifts in the extraordinary needs grant. Discussion also covered the broader impact of the bill, with members noting that about 200 of the state’s 245 cities and towns would see an increase and 45 a decrease under the proposed FY 27 changes. Supporters argued the bill was a compromise given limited revenues and that it should move forward so it can be considered by the full House and then Finance. No final vote on the amendment or bill was taken in the portion provided, and the chair indicated the committee was still deciding whether it had enough information to proceed.
FL

Florida 2025 Regular Session

Banking and Insurance Feb 4th, 2025

Transcript Highlights:
  • THE MY SAFE FLORIDA'S PROGRAM IS A MITIGATION PROGRAM TO HARDEN HOMES AGAINST FUTURE DAMAGE.
  • AND OR THE PROPENSITY FOR DAMAGE INCREASES DRAMATICALLY WHEN YOU HAVE LOST THAT.
  • WERE TALKING ABOUT IS IN FLORIDA WE THINK ABOUT ROOF DAMAGE AMPLE KICK THE ROOF FAILS.
  • THE TOTALITY OF THE WATER INTRUSION. >> TELL ME THE PROPER DAMAGE ASSOCIATED WITH FIRE AND FLOOD.
  • AND ALL OF THE DAMAGE IS DONE EXCLUSIVELY TO OLDER HOMES.
Keywords: 999, senate, all
MN
Transcript Highlights:
  • A new bill aims to cap property taxes at the rate of inflation.
  • Um, but it would cap property tax growth at the rate of inflation.
  • But this bill would cap the growth.
  • So, it would cap you're proposing.
  • So, no more would cap the growth.
Keywords: 918, senate, all
Summary: The segment focused heavily on affordability and fraud prevention in the Minnesota Senate. Senator Michael Kreun discussed his proposal to cap city and county property tax growth at the rate of inflation, with a small allowance for population growth, and to require voter approval by referendum for increases above the cap. He said property taxes rose by nearly $1 billion statewide last year, blamed part of the increase on unfunded state mandates, and said the bill would curb surprise double-digit hikes. Kreun said the proposal has been well received by constituents and homeowners, while cities and counties are concerned about losing revenue; he also said relief could begin as soon as the next property tax statement if the bill passes this year. He noted related affordability ideas, including increasing disabled-veteran exemptions and deferring property taxes for seniors, and said he is open to bipartisan work on other measures such as ending taxes on tips and overtime and reducing tab fees. The program also highlighted climate and infrastructure funding. Senator Ann Johnson Stewart argued that worsening weather is driving costly infrastructure damage and said a proposed climate superfund would shift some of those costs from taxpayers to major polluters. She said the fund could support storm sewer upgrades, pavement reinforcement, and erosion prevention, and noted that Senate File 4126 is awaiting a hearing in the Senate Environment, Climate, and Legacy Committee. On fraud prevention, Senator Julia Coleman’s bipartisan bill would require at least one unannounced, on-site inspection for state grants over $10,000, with recurring check-ins for grants lasting more than a year. The bill is pending in the Senate State and Local Government Committee. Senator Heather Gustafson then discussed her push for an independent Office of Inspector General, saying it would provide oversight over any public or private entity receiving public dollars. She said the Senate previously backed the idea with 60 votes, that the governor’s coordinated council is only an interim step, and that she has not yet seen a Republican fraud package to review. The segment also noted that the Senate unanimously passed Senator Johnson Stewart’s school bus safety bill, Senate File 3623, by a 67-0 vote, clarifying that drivers must stop when school bus lights flash even if the stop arm is only partially extended; the bill now awaits House action.
MN

Minnesota 2025-2026 Regular Session

Committee on Taxes - 03/05/26

Taxes

Transcript Highlights:
  • The PTE tax helps mitigate the impacts of the federal SALT deduction cap first instituted as part of
  • summer, uh which increased the SALT cap summer, uh which increased the SALT cap to<00:14:48.120>
  • Oh, the other the the the cap went up.
  • the cap goes back to $10,000 in 2030. the cap goes back to $10,000 in 2030.
  • So it it's going to be salt cap or not.
Keywords: 1187, senate, all
NH

New Hampshire 2025 Regular Session

House Education Funding (01/31/2025)

Transcript Highlights:
  • So once it gets to cap, then beyond that, we know these 10 students, it says they have reached cap, but
  • system will tell us when they get to cap system will tell us when they get to cap so<00:45:18.040
  • department is counting towards the cap department is counting towards the cap for<01:00:30.680><
  • <01:05:17.160> for that particular case meets the cap for that particular case meets the cap
  • was above the cap as a student, but it was split between different schools?
Keywords: 928, house, all
Summary: The work session focused on special education, especially the differentiated aid component and special education aid, which members noted is still often called “catastrophic aid.” The chair said the committee was trying to better understand how special education costs are growing, how districts are delivering services through SAUs or internally, and how reimbursement formulas affect local costs. Members also discussed the need for better data before making decisions on several education funding bills, and Representative Brown was tasked with capturing questions for follow-up information from the department or elsewhere. Testimony from the state special education director, Becky Fad, centered on why student counts in various disability categories have shifted over time. She said the categories themselves have not changed much, but autism has increased because of greater understanding and identification, developmental delay has grown because it applies to children under age 10 who may not yet have a clear diagnosis, and some students previously classified under speech/language or other health impairment are now identified in more specific categories such as autism. She emphasized that the IEP is based on a child’s individual needs, so a change in category would not necessarily change services, though it may help educators support the student differently. Members asked about whether the shifts reflect better diagnostic capability, whether the department should gather more data on the reasons for the changes, and whether autism-spectrum data could be broken down further. Fad said the department does not currently have data on the causes of the shifts or on where students fall within the autism spectrum, but that collecting and analyzing such data is on its list of priorities and a new data manager had recently been hired. She also explained that each child is counted only once on the chart by primary disability, that the IEP or eligibility team determines the primary category based on evaluations, and that any child can be referred for special education by a parent, teacher, or doctor, after which the district must meet within 15 days to decide whether to evaluate. No votes or formal actions were taken in the portion provided.
NM

New Mexico 2026 Regular Session

House - Taxation and Revenue Feb 16th, 2026 at 08:33 am

House Taxation & Revenue

Transcript Highlights:
  • So this credit exists currently in law and it has a 30 million cap.
  • This bill does not change that cap. So the actual amount of general fund Exposure does not change.
  • So what the CREG does is when credits come online, we originally score them typically at the cap.
  • Yes, it hasn't used the cap at all. But this wouldn't even go over the cap either.
  • No increase in the cap, and the cap is administered by MNERD.
Keywords: 996, all
KY
Transcript Highlights:
  • damage title? damage title?
  • has been damage to this vehicle? has been damage to this vehicle?
  • right to know if it's been damaged. right to know if it's been damaged. Sure. Sure. Sure.
  • The car was sideswiped, and because of the damage, it's all exterior, it's visual damage, but because
  • simply saying this is a hail damaged simply saying this is a hail damaged car. car. car.
Keywords: 958, all
Summary: The Interim Joint Committee on Transportation approved the minutes from its September 16 meeting and then heard a presentation from Jason Sawala, deputy state highway engineer with the Kentucky Transportation Cabinet, on rest areas and truck parking. He described Kentucky’s system of eight welcome centers, 14 rest areas, and four truck havens, and said the Cabinet spent just over $12 million in fiscal year 2025 to operate and maintain those facilities. He also explained that the Cabinet’s truck parking study found truck parking demand has increased 24% since 2012, driven by just-in-time delivery, stricter hours-of-service and electronic logging requirements, and fewer drivers. Sawala said the study looked not only at Cabinet-owned facilities but also private truck stops and lots, and identified unmet parking demand across the state, especially at 1:00 a.m. He noted that 11 sites, mostly existing rest areas, weigh stations, or welcome centers, were identified as promising expansion locations, with estimated project costs in the $30 million to $36 million range in 2022 dollars. He said the Cabinet is working on design and project development for those sites and is seeking federal funding opportunities where available. Members raised concerns about safety, congestion, and trucks parking on ramps or in residential areas, and several asked about funding, charging for parking, and whether autonomous vehicles might reduce future demand. Sawala said the 820 public rest-area spaces are marked spaces only, that he was not aware of any state charging for public truck parking, and that federal programs can help fund some expansions. He also said he was not aware of local-government parking programs offhand but would look into it. Members generally emphasized the importance of truck parking for safety, commerce, and avoiding burdens on local communities.
NH

New Hampshire 2026 Regular Session

House Ways and Means (01/21/2026)

Ways and Means

Transcript Highlights:
  • entitled to the deduction up to the cap. entitled to the deduction up to the cap.
  • That's why the caps were created.
  • Um so that $50,000 cap essentially makes Um so that $50,000 cap essentially makes it<04:38:29.600>
  • Um, to Mike's point, I don't know for sure if that $10 million cap and raising it the individual cap
  • we need to raise a cap at that time. we need to raise a cap at that time.
Keywords: 1189, house, all
AL

Alabama 2025 Regular Session

Alabama Senate Agriculture, Conservation, and Forestry Feb 12th, 2025

Agriculture, Conservation and Forestry

Transcript Highlights:
  • on... ...be allowed to impose more damage on our roadways.
  • The damage to the road will occur because of bad apples that try to haul over 88,000.
  • I can't find any data on how much damage was done to the roads or anything.
  • I would just like to know what kind of damage we did during that time.
  • One of the things about this damage is that there is no immediacy.
Bills: SB110, SB64, SB42
NH

New Hampshire 2025 Regular Session

House Education Funding (02/25/2025)

Transcript Highlights:
  • <04:13:40.560> but about um um you know a budget cap but about um um you know a budget cap
  • to allow the exceeding of this cap to allow the exceeding of this cap through<04:14:07.479> a
  • so they would be stuck with this cap so they would be stuck with this cap they<04:15:38.560>
  • There's no cap on the special budget; there's no cap on the increase in the demand." question is when
  • > cap<04:18:38.920> on requiring them to cap there's no cap on requiring them to cap there's
Keywords: 928, house, all
Summary: The Education Funding Committee met to review a large package of bills, with the first four—HB 717, 742, 773, and 603—focused on special education aid, formerly called catastrophic aid. Chair Ladin explained that the committee needed to move a special education bill forward by March 4 and was trying to determine which bill would serve as the vehicle. He described the current formula and the difficulty of estimating the fiscal impact of lowering the threshold from 3.5 times the statewide average cost per pupil to a lower level, noting that DOE did not have reliable data on how many students would fall into the lower-cost bands. The committee also noted that several other bills in the package addressed SWEP and adequacy issues, and that HB 510 dealt with due process rather than funding. Mark Mello of the Bureau of School Finance testified that the department only has reliable data for special education expenditures above $70,000 per student, since claims are submitted for reimbursement at that point. He said the bureau was trying to estimate how many students might fall between 2.5x and 3.5x or 3x and 3.5x the average cost, but that the basic answer was they did not know and that any estimate would be difficult. He explained that moving the threshold from 3.5x to 2.5x would create a minimum additional cost of about $13.6 million based on existing claims, not counting new students who would enter the range. Members discussed whether districts already had the underlying data, whether a survey should be required, and how districts know when to begin tracking costs for reimbursement. The committee also discussed proration and the state’s share of special education aid. Mello explained that the current 80% state share is modeled in the formula, but the actual payment has been prorated because appropriations have not matched the statutory liability; he said the state liability was about $50 million, while the budget had provided $34 million, resulting in a 68% payment rate. HB 742 was described as a bill that would eliminate proration by paying the liability directly from the education trust fund with an overflow mechanism. Members also discussed possible alternatives such as changing the state share, using a lower threshold in a transition period, or requiring districts to submit data. No votes or final actions were taken in the portion provided; the committee was still in discussion and considering which bills to advance.
MN

Minnesota 2025 1st Special Session

Conference Committee on SF3045 5/9/25

Transcript Highlights:
  • We are all being harmed by a massive forensic medical fraud that does more damage than the annual state
  • And we urge you to please adopt the Senate's language, including the $5 cap that aligns with current
  • And we urge you to please adopt the Senate's language, including the $5 cap that aligns with current
  • And we urge you to please adopt the Senate's language, including the $5 cap that aligns with current
Keywords: 1183, house
HI

Hawaii 2025 Regular Session

FIN/WAM Joint Info Briefing - Tue Jan 21, 2025 @ 1:00 PM HST

Hawaii House Floor Meeting

Transcript Highlights:
  • The fire caused extensive damage to Lahaina's water, sewer, roadways, and drainage systems.
  • play in kwaii uh with our<00:24:20.480> 3%<00:24:21.480> assessment<00:24:22.120> cap
  • <00:24:23.120> and<00:24:23.440> generous our 3% assessment cap and generous our 3%
  • assessment cap and generous exemptions<00:24:24.840> but<00:24:25.320> we<00:24:25.440
Keywords: 910, house, all
WA
Transcript Highlights:
  • that this growth rate is normally capped.
  • Okay, so let me talk for a second about these cost caps.
  • These caps are voluntary, so they're not required by existing legislation.
  • So the triangles were the contracts without caps.
  • So, recommendation for cap controls, and I can understand that.
Summary: The committee first heard a work session on cryptocurrency kiosks from the Department of Financial Institutions and Spokane City Councilmember Paul Dillon. DFI described crypto kiosks as licensed money transmission terminals that allow cash purchases of virtual currency, and said the main concern is fraud: scammers often pressure victims, especially older adults, to deposit cash into kiosks and send it to wallets controlled by organized crime. DFI cited a sharp increase in kiosk volume, nationwide fraud complaints and losses, and said Washington currently has licensing and disclosure rules but lacks transaction and fee limits. The department said it is seeking stronger disclosures, a $1,000 daily transaction limit, and a fee cap. Spokane described its unanimous ordinance banning new kiosks and removing existing ones after local scam reports, and members asked about how the machines work, whether the fraud is in the hardware or the transaction, and whether stronger warnings or screening could help. The committee then reviewed home equity sharing agreements, or CHISAs, based on a report by Mariana Amaram and testimony from DFI and industry representatives. The report found that CHISAs provide homeowners a lump sum in exchange for a share of future home value or appreciation, with no monthly payments, but that consumers often struggle to understand the products and settlement calculations. The report said the market has grown quickly in Washington, that costs can be hard to predict, and that early uncapped contracts could produce very high settlement amounts, especially during periods of rising home prices. DFI said it views these products as mortgage loans and is moving forward with rulemaking, including counseling and clearer disclosures, while industry witnesses said the products are equity-based rather than debt-based and asked for tailored regulation. Members discussed the need for better consumer education, clearer payoff schedules, and whether the products should be treated as mortgages or a separate category. The final panel focused on Washington’s space economy, with presentations from Amazon Leo, Blue Origin, Stoke Space, Space Northwest, and Green River College. Speakers highlighted major in-state investments in satellite manufacturing, launch systems, and workforce training, including Amazon Leo’s Redmond and Kirkland facilities, Blue Origin’s Kent headquarters, and Stoke Space’s Kent manufacturing and Moses Lake test site. Space Northwest presented data showing the sector’s growing economic footprint, high-wage jobs, and regional clusters in Kent and Redmond, and urged more workforce programs, incentives, infrastructure support, and a state space commission. The companies emphasized local hiring, apprenticeship and certification programs, and the role of Washington’s aerospace supply chain in supporting the broader space industry. No votes were taken during the transcript excerpt.
WY

Wyoming 2026 Regular Session

Senate Judiciary Committee, February 17, 2026

Judiciary

Transcript Highlights:
  • So that's referred to as treble damages.
  • Uh but then you can trouble damages.
  • <00:48:09.760> to already assess the triple damages to already assess the triple damages to
  • So that's a unique piece in damages.
  • or triple damages.
Bills: SF0087, SF0088, SF0092
NH
Transcript Highlights:
  • No, I just—so on line nine, I would just suggest it read, 'or street unless such cap is in compliance
  • No, I just—so on line nine, I would just suggest it read, 'or street unless such cap is in compliance
  • But this would cap. So there's no length.
  • But this would cap. So there's no length.
  • But this would cap. So there's no length.
Keywords: 1191, senate, all
Summary: The Committee of Conference on Senate Bill 564 reconvened to review a new amendment from Representative DuMont. The amendment cleaned up prior language, added a new section carving out wetland buffers and conservation areas for special exception or conditional use permit treatment, and included an effective-date delay. Senator Murphy noted that agreed-upon language was missing to prevent municipalities from imposing new building or lot-size restrictions before the bill’s effective date, and that language was restored using wording from amendment 2070. The committee then heard from State Fire Marshal Sean Toomey, who explained that fire-code concerns centered on road access and dead-end roads, and suggested tying road-length limits to NFPA 1141 so the bill would reference an established standard while preserving existing state fire code provisions on water supply, road widths, slopes, and turnarounds. Members discussed refining the language to say road-length caps must comply with the state fire code and NFPA 1141. Representative Alexander also explained that section 3 would expand by-right treatment for certain subdivision buffers and reduce development costs, while section 4 would require at least conditional use or special exception review for wetland buffers and conservation areas rather than allowing a flat denial. After a brief pause to resolve concerns, participants agreed to keep section 3 and section 4, with the understanding that the changes struck a balance between lowering housing-development costs and preserving local review and environmental protections. The committee then voted unanimously to support the agreement, seconded by Rainforth, and the chair said the revised amendment would be sent to OLS for final drafting.
TX

Texas 89th Regular

S/C on Property Tax Appraisals Apr 3rd, 2025

S/C on Property Tax Appraisals

Transcript Highlights:
  • Frankly, that goes to the revenue cap that the legislature revised back in 2019.
  • That five percent homestead appraisal cap may sound familiar to all of us. The House proposal...
  • homeowners in different parts of the state are subject to different appraisal cap policies.
  • A plan that applies a 5% cap to the resident's homestead has been discussed a lot today.
  • The appraisals at 5% go against what the state has mandated as a 10% cap.
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Ways and Means Jun 21st, 2026 at 11:00 am

Joint Committee on Ways and Means

Transcript Highlights:
  • In 2025, the agency closed In 2025, the agency closed eight corrective action plans, or CAPs, from the
  • Every dollar we invest today saves us $13 in avoided damages in the future.
  • you protect the community when it's advantageous for you, but then when it's not, you can come and damage
  • There's a lot of impact in agricultural damage, and I'm sure Commissioner Randall can amplify that.
Keywords: 995, all
Summary: The Joint Committee on Ways and Means held a hearing at UMass Amherst on Governor Healey’s fiscal year 2027 budget, focusing on energy/environment-related transportation issues and the Massachusetts Department of Transportation. The chairs and members opened with thanks to UMass, university leadership, court officers, and legislative staff, and Chancellor Javier Reyes highlighted UMass Amherst’s research, workforce, sustainability, and transportation contributions, including energy research, transit operations, and partnerships with MassDOT. The hearing then moved to MassDOT and MBTA testimony on the administration’s transportation funding package, including House 2, the FY26 Fair Share supplemental, and a proposed four-year Chapter 90 authorization. MassDOT officials described the budget as part of a broader multi-year transportation investment strategy, citing funding for operations, snow and ice removal, regional transit authorities, the MBTA, the Merit Rating Board, sustainable aviation fuel credits, micro-transit and last-mile grants, unpaved road improvements, bridge and pavement work, and housing-related transportation infrastructure. They emphasized workforce expansion, capital delivery capacity, safety improvements, and local aid, including the new lane-mile-based Chapter 90 formula intended to benefit rural communities. Officials also discussed major projects and programs such as Grant Central, culvert and unpaved road grants, work zone speed cameras, congestion hotspot fixes, the Sagamore and Bourne Bridge projects, and MBTA operating support and safety upgrades. Testimony from the MBTA and rail/transit staff focused on improved ridership, service frequency, accessibility, and safety, including progress on the Green Line Train Protection System, reduced delays, expanded bus and commuter rail service, and the South Coast rail extension. Regional transit authorities reported increased ridership and described new fare-free, connectivity, and community transit grants. Aeronautics testimony covered airport capital work, drone and data programs, sustainable aviation fuel efforts, and workforce development in aviation maintenance. Committee members then asked questions, especially about Western Massachusetts priorities, Chapter 90 funding, bridge repairs, snow and ice costs, Cape Cod bridges, Buzzard’s Bay rail, and Compass Rail/West-East Rail. Officials said several federal rail grants were moving forward, that Sagamore Bridge procurement would begin soon, and that the administration remained committed to pursuing federal funding and multi-year transportation investments.
AZ

Arizona 2026 Regular Session

06/12/2026 - Senate Floor Session

Arizona Senate Floor Meeting

Transcript Highlights:
  • taxpayers could be stripped away because of a political agenda that treats them as simply collateral damage
  • taxpayers could be stripped away because of a political agenda that treats them as simply collateral damage
  • And they end up taking the hits, you know, the collateral damage a little bit for some of our actions
  • SB 1217, water supply, development fund, cap. Rules. SB 1256, and Z4, technical correction.
Keywords: 1182, all
MN

Minnesota 2025-2026 Regular Session

House Commerce Finance and Policy Committee 3/3/26

Commerce Finance and Policy

Transcript Highlights:
  • As far as costs or caps on emergency medical, I guess it's complicated.
  • 41.839> dam car and you're offered collision and dam car and you're offered collision and dam damage
  • protection,<01:08:43.440> which<01:08:43.679> is<01:08:44.159> different damage
  • protection, which is different damage protection, which is different from<01:08:45.120> liability
Summary: The committee first approved the minutes from February 26, after correcting the header date to Thursday, February 26. It then took up House File 36004, as amended by the author’s technical A1 amendment. Representative Van Binsbergen described the bill as a change to statute governing bulk delivery of nonoxygenated fuel, especially for boats and other watercraft, to allow direct delivery to vehicles rather than requiring transport of fuel in containers or removal of boats from the water. Members generally supported the concept, citing convenience for lake users, reduced travel and potential invasive species spread, and fewer spill risks, but the chair said the bill would be laid over pending additional clarification from the State Fire Marshal’s Office and other agencies. House File 2236 was then introduced as a vehicle bill for possible future omnibus use and laid over without testimony or opposition. The committee also heard House File 3709, which would allow Minnesota banks and credit unions to offer custodial accounts for digital assets such as cryptocurrency. The authors framed the bill as a consumer-protection and competitiveness measure that would let local institutions keep pace with customer demand and prevent Minnesotans from relying on out-of-state or offshore providers. Testimony from the Department of Commerce and credit union representatives supported the bill, saying it would level the playing field, keep digital assets under Minnesota oversight, and help local institutions remain relevant; one witness said significant liquidity had been leaving local communities for outside exchanges. Questions from members focused on whether the accounts would be NCUA-insured, how the bill related to unclaimed property, and whether the policy goal was consumer protection or simply preserving bank relevance. Several members expressed support but also cautioned about crypto volatility, scams, and the need to avoid turning credit unions into exchanges. The discussion ended without a final vote in the excerpt, with the bill still under committee consideration.